Wealth Management
Top stories summarized by our editors
6/22/2017

About 1 in 3 hedge fund managers say in an AIMA survey they have yet to determine how to fund research once transparency requirements of Europe's revised Markets in Financial Instruments Directive take effect Jan. 3. Among respondents who have decided, 80% say they intend to pass the additional expense to investors.

More Summaries:
AIMA
6/22/2017

Data from Hedge Fund Research suggest the industry might return to growth after a challenging 2016, as the number of fund launches increased in the first quarter. "The growth in launches comes at a time when the market could be entering an environment where fund managers have higher odds of beating the overall market," Ryan Vlastelica writes.

More Summaries:
Hedge Fund Research, hedge funds
6/22/2017

By the end of June, Blackstone's first non-traded real estate investment trust is likely to reach the $1 billion mark, according to sources. The REIT, formed last year, has been raising about $125 million per month and is aiming for a target of $5 billion.

Full Story:
Gulf Times (Qatar)
6/22/2017

Proposals by the Certified Financial Planner Board of Standards to bring sweeping changes to its ethics rules and conduct standards have caused disagreement in the industry. Former CFP Board Chair Patti Houlihan called them "a huge step in the right direction," but consultant Timothy Welsh claimed the changes would effectively introduce a "double standard" by creating exemptions in the fiduciary standard of care.

More Summaries:
Timothy Welsh
6/22/2017

Mark Goldberg, a long-time broker-dealer executive who has spent the past nine years in senior posts at W.L. Carey, will join Griffin Capital. In addition to his role as head of Griffin Capital Securities, he also will be executive vice president of Griffin Capital.

More Summaries:
Griffin Capital
6/22/2017

Publicly registered non-traded real estate investment trust Griffin-American Healthcare REIT IV has acquired a medical office building in Lawrenceville, Ga., for about $11.3 million, plus closing costs. The approximately 31,000-square-foot Lawrenceville Medical Office Building was built in 2005 and is 100% net leased through May 2023.

6/22/2017

Those Americans who can still look forward to pension payouts in retirement often face the choice of whether to take a lump-sum payment, an annuitylike monthly income or lifetime income that includes a spouse. There has been a recent trend toward the lump-sum option, but the wisest choice for any recipient will depend on life circumstances, writes Jeff Brown.

More Summaries:
Jeff Brown
6/22/2017

Buffer annuities, which combine many of the features of variable and indexed annuities, are getting an enthusiastic reception from consumers, and insurers are responding by bringing new products to the market. Advisors should make sure their clients understand these new products and that they meet their needs, write Robert Bloink and William Byrnes.

More Summaries:
Robert Bloink, William Byrnes
6/22/2017

As concerns over longevity risk grow, employers and their defined-benefit retirement plan participants are now looking into using annuities to build their own pensions, write Robert Bloink and William Byrnes. The newly created qualified longevity annuity contracts are efficient tools to achieve that objective, they write.

More Summaries:
Robert Bloink, William Byrnes
6/22/2017

The most important event of the past year was the first baby boomers reaching the age of 70, says David Rosenberg, chief economist at Gluskin Sheff. They will have a profound influence on the economy as they shift their asset mix, he says.

Full Story:
Business Insider